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6.76% interest fixed for 6 months

user picture
Tightwad
Fri, 11/01/2008 - 09:30

If you've got a few thousand you can put away for 6 months without needing access to it over that time you could do worse than entrusting it to Icesave Bank and you will earn a handsome 6.76% at a time when interest rates could well fall significantly.

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korky's picture
korky
Sun, 13/01/2008 - 14:30

that`s interesting Nationwide have cut their e-savings rate from 5.8 to 5.55 after they made comments about banks/building societys cutting their rates before the bank rate gets cut,

Max A's picture
Max A
Mon, 14/01/2008 - 10:30

thats bad, can they get away with that? are you sure it wasn't on the back of decembers rate cut?
there needs to be more rules about if banks can cut their savings rate but not their mortgage rates.

Paul_Herring's picture
Paul_Herring
Thu, 31/01/2008 - 16:15

Max A:
there needs to be more rules about if banks can cut their savings rate but not their mortgage rates.

More rules? What's wrong with market forces? If the rates are bad, move to where they're better.

--

PJH

Max A's picture
Max A
Wed, 06/02/2008 - 16:52

market force is all well and good but when banks use this to take advantage of people having busy lifes, or not being very financially savvy, or not knowing their rights then it hacks me off.

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